A.P. Moller-Maersk (OTCMKTS:AMKBY) Shares Gap Down – Here’s What Happened

A.P. Moller-Maersk (OTCMKTS:AMKBY)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $12.45, but opened at $12.00. A.P. Moller-Maersk shares last traded at $12.0270, with a volume of 10,034 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AMKBY. Citigroup reaffirmed a “neutral” rating on shares of A.P. Moller-Maersk in a research report on Thursday, June 25th. The Goldman Sachs Group upgraded A.P. Moller-Maersk from a “sell” rating to a “neutral” rating in a report on Friday. Morgan Stanley restated an “underweight” rating on shares of A.P. Moller-Maersk in a report on Wednesday, June 24th. Finally, Fearnley Fonds raised shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

A.P. Moller-Maersk Trading Down 3.1%

The company has a current ratio of 1.98, a quick ratio of 1.85 and a debt-to-equity ratio of 0.09. The business’s 50-day simple moving average is $12.15 and its two-hundred day simple moving average is $12.21. The company has a market capitalization of $38.18 billion, a PE ratio of 22.76 and a beta of 0.71.

A.P. Moller-Maersk Company Profile

A.P. Moller-Maersk A/S is a Danish integrated transport and logistics company headquartered in Copenhagen. Operating under the Maersk brand worldwide, the group provides container shipping and end-to-end logistics services, combining ocean freight with land-based transportation, contract logistics, warehousing, and supply chain management for global shippers and manufacturers.

The company’s core activities include container shipping operations, terminal services through APM Terminals, and a growing logistics and services business that offers freight forwarding, customs brokerage, inland transportation and warehousing.